Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Rating) had its target price dropped by stock analysts at TD Securities from C$20.00 to C$19.50 in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 16.63% from the company’s current price.
Several other brokerages have also issued reports on CRR.UN. Canaccord Genuity Group raised shares of Crombie Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Friday, February 25th. National Bankshares set a C$20.00 price objective on shares of Crombie Real Estate Investment Trust and gave the company an “outperform” rating in a report on Tuesday, February 1st. Finally, Scotiabank cut their price objective on shares of Crombie Real Estate Investment Trust from C$20.25 to C$19.75 in a report on Friday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Crombie Real Estate Investment Trust has a consensus rating of “Buy” and an average price target of C$19.38.
TSE CRR.UN traded up C$0.29 during trading on Friday, hitting C$16.72. The stock had a trading volume of 134,212 shares, compared to its average volume of 213,341. The stock has a market capitalization of C$2.94 billion and a price-to-earnings ratio of 17.48. The stock has a 50 day simple moving average of C$17.95 and a 200 day simple moving average of C$17.89. The company has a debt-to-equity ratio of 141.11, a quick ratio of 0.06 and a current ratio of 0.15. Crombie Real Estate Investment Trust has a one year low of C$16.08 and a one year high of C$19.09.
In other Crombie Real Estate Investment Trust news, Director Donald Everett Clow sold 25,000 shares of Crombie Real Estate Investment Trust stock in a transaction on Monday, March 28th. The shares were sold at an average price of C$18.50, for a total value of C$462,575.00. Following the completion of the transaction, the director now owns 125,014 shares of the company’s stock, valued at C$2,313,134.04.
About Crombie Real Estate Investment Trust (Get Rating)
Crombie Real Estate Investment Trust (“Crombie”) is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country’s leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada’s top urban and suburban markets.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Crombie Real Estate Investment Trust, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Crombie Real Estate Investment Trust wasn’t on the list.
While Crombie Real Estate Investment Trust currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.